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Common law is a term for the law that is known to most of us.
Express warranties displace all inconsistent implied warranties.
Employers can agree with unions not to handle, use, or deal in non-union-produced
goods.
An attorney may be liable to a third party who relies on the attorney's legal opinion to
the third party's detriment
A franchisee is a party who sells a franchise.
Under the UCC, an oral contract for a sale of goods is enforceable if the goods are
marked down $500 or more from their suggested retail price.
A self-tender is a company's offer to acquire stock from its own shareholders.
In determining the legality of a merger, a crucial consideration is market concentration.
If it can be shown that a trespass to land was warranted, a complete defense exists.
Joint ownership of property in and of itself creates a partnership.
Under the mailbox rule, no acceptance is valid until it is received.
Frequently, disputes over violations of administrative rules are resolved through
informal adjudication proceedings.
If a seller is a merchant, and the goods are not to be moved, the risk of loss passes to a
buyer when the buyer takes physical possession of the goods.
A public policy underlying the imposition of strict product liability is that a
manufacturer who makes an unsafe product should be put out of business.
An operating agreement for a limited liability company need not be in writing.
